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WASHINGTON, March 3- The Congressional Budget Office said on Tuesday that if the U.S. federal debt limit is not raised, the U.S. Treasury Department will exhaust all of its borrowing capacity and run out of cash by October or November, slightly later than a previous forecast. Normal U.S. borrowing authority under the debt limit currently expires on March 15.

WASHINGTON, March 3- The Obama administration warned Congress on Tuesday that years of budget cuts to the country's tax collection agency could create a big fiscal headache. Congress has slashed the budget for the Internal Revenue Service by 10 percent over the last five years, hurting the agency's operations, said Treasury Secretary Jack Lew.

The Treasury Department auctioned $26 billion in three-month bills at a discount rate of 0.015 percent, down from 0.020 percent last week. Another $26 billion in six-month bills was auctioned at a discount rate of 0.075 percent, up from 0.065 percent last week. For a $10,000 bill, the three-month price was $9,999.62, while a six-month bill sold for $9,996.21.

Feb 25- Doral Financial Corp said on Wednesday it intends to fight an appeals court ruling that overturned a lower court decision to grant the embattled lender a $229 million tax refund that was contested by Puerto Rico's Treasury Department. On Jan. 26, the FDIC issued a Prompt Corrective Action Directive ordering the bank to increase its capital within 30 days...

WASHINGTON— Taxpayers who've filed their 2014 returns only to learn that the government provided them with erroneous information on health care subsidies won't be required to submit corrected returns, the Treasury Department said Tuesday. "The IRS will not pursue the collection of any additional taxes from these individuals based on updated information...

The Treasury Department auctioned $26 billion in three-month bills at a discount rate of 0.020 percent, up from 0.015 percent last week. Another $26 billion in six-month bills was auctioned at a discount rate of 0.065 percent, unchanged from last week. For a $10,000 bill, the three-month price was $9,999.49 while a six-month bill sold for $9,996.71.

Treasury securities rose to a record level in December despite investors in China and Japan, the two biggest foreign owners of Treasury debt, cutting back on their holdings. The Treasury Department said Wednesday that foreign holdings increased 0.7 percent in December to a record $6.15 trillion following a 0.9 percent increase in November.

WASHINGTON, Feb 11- The U.S. budget deficit widened slightly in January, fueled in part by higher spending on government health care services for low-income Americans, according to data released by the Treasury Department on Wednesday. Compared with a year earlier, Washington spent $5 billion more on Medicaid, which provides health insurance for lower-income...

WASHINGTON, Feb 3- The U.S. government's top financial research group on Tuesday launched a new website, a move aimed at helping it gain a greater profile separate from the Treasury Department, which houses the powerful agency. The Office of Financial Research was set up after the 2007-09 credit meltdown to help regulators map financial markets and has the power...

WASHINGTON, Jan 28- The Obama administration estimates that up to 29 percent of U.S. taxpayers could have to take the law known as Obamacare into account as they complete their 2014 income tax returns, officials said on Wednesday. Treasury expectations for about 150 million income tax filings, which are due to the Internal Revenue Service by an April 15 deadline.

NEW YORK, Jan 27- NetJets Inc, the private jet-sharing company owned by Warren Buffett's Berkshire Hathaway Inc, has defeated a U.S. Internal Revenue Service lawsuit attempting to recoup more than $500 million of unpaid taxes, penalties and interest. District Judge Edmund Sargus in Columbus, Ohio, said on Monday that the IRS was bound by guidance it gave a NetJets...

Treasury Secretary Jacob Lew will preside over an open session of the Financial Stability Oversight Council at the Treasury Department. WASHINGTON- Federal Reserve chair Janet Yellen participates in open session of the Financial Stability Oversight Council meeting- 1930 GMT. LONDON- Bank of England will release the minutes from its January policy meeting-...

NEW YORK, Jan 16- Foreigners bought long-term U.S. securities in November, with investors buying agency and corporate bonds, as well as equities. Data from the U.S. Treasury Department showed on Friday that net purchases of long-term U.S. assets were $33.5 billion in November, after outflows of $1.4 billion in October. But including short-dated assets such as...

WASHINGTON, Jan 13- The U.S. budget surplus was $2 billion at the end of December, down 96 percent from the same period last year, according to data released by the Treasury Department on Tuesday. The fiscal year-to-date deficit at the end of December was $177 billion compared with a deficit of $173 billion in the comparable period last year. Receipts for the month...